Under Alabama Agency Law (Code of Alabama §34-27-81 et seq.), when must a real estate licensee first disclose their agency status to a prospective buyer or seller?
Correct Answer
D) At the first substantive contact with the prospective client
Alabama Agency Law requires licensees to disclose their agency status at the first substantive contact with a prospective buyer or seller. This early disclosure requirement ensures that consumers understand the nature of the representation before any meaningful discussion of real estate transactions occurs, as mandated by Code of Alabama §34-27-81 et seq.
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Previous Question
Buyer Tasha is working with Alabama licensee Victor, who has disclosed in writing that he represents the seller. Tasha has not signed any buyer agency agreement. Victor assists Tasha by answering her questions about the property and helping her schedule inspections, but he does not advocate for her negotiating position. Under Alabama law, what is Victor's relationship with Tasha?
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Sarah is a licensed Alabama salesperson working for Broker Tom. She is showing a listing to buyer Marcus. Marcus asks Sarah to represent him as a buyer's agent instead. Sarah agrees. Under Alabama law, what must happen before this dual agency situation can legally proceed?